IHG buys 51% stake in Regent Hotels & Resorts for $39m

DENHAM, England–14 March 2018–InterContinental Hotels Group (“IHG”) [LON:IHG, NYSE:IHG (ADRs)] today announces that it has agreed to acquire a 51% stake in Regent Hotels and Resorts (“Regent”) for $39 million in cash. IHG will have the right to …